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Used-car market drying up

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CUSTOMS CHIEF CHECKS ON CLASSY CARS Customs Commissioner Ruffy Biazon examines a Corvette Stingray, one of the hundreds of imported used cars at the free port in Sta. Ana, Cagayan. He has asked President Aquino to issue an executive order to settle two allegedly conflicting orders on the importation of second-hand cars for resale in the country. INQUIRER/ MARIANNE BERMUDEZ

Buyers of imported second-hand cars and vans have begun canceling orders in what vehicle dealers said was the aftermath of the controversial Supreme Court ruling that banned the importation of used cars at the Cagayan Special Economic Zone and Freeport (CSEZFP).

Posted: February 23rd, 2013 in Latest News Stories,Regions | Read More »

Cagayan free port zone not quite its Subic cousin 17 years after creation

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A fleet of imported used luxury vehicles—including Porsches, BMWs, Mercedes-Benzes, Hummers—await wash and polishing work at a car lot in Casambalangan village in Santa Ana, Cagayan, in this file photo. The Cagayan Special Economic Zone and Freeport in Sta. Ana has little or no comparison with the more developed Subic Bay Freeport in Zambales. MELVIN GASCON/INQUIRER NORTHERN LUZON

For people unfamiliar with the Cagayan Special Economic Zone and Freeport (CSEZFP) here, every mention of this free port, as well as the government agency that is tasked to manage and supervise its operations, brings to mind a visual comparison with the more familiar Subic Bay Freeport in Zambales.

Posted: February 22nd, 2013 in Latest News Stories,Regions | Read More »

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